Elo Mutual Pension Insurance Co Has $8.43 Million Stake in United Parcel Service, Inc. (NYSE:UPS)

Elo Mutual Pension Insurance Co reduced its position in shares of United Parcel Service, Inc. (NYSE:UPS - Free Report) by 3.6% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 66,847 shares of the transportation company's stock after selling 2,474 shares during the period. Elo Mutual Pension Insurance Co's holdings in United Parcel Service were worth $8,429,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. WINTON GROUP Ltd bought a new stake in United Parcel Service during the fourth quarter valued at about $3,805,000. Artisan Partners Limited Partnership lifted its position in shares of United Parcel Service by 5.4% during the 4th quarter. Artisan Partners Limited Partnership now owns 1,246,471 shares of the transportation company's stock worth $157,180,000 after purchasing an additional 63,882 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. boosted its stake in United Parcel Service by 9.4% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,161,548 shares of the transportation company's stock valued at $143,788,000 after purchasing an additional 99,617 shares during the period. Graney & King LLC acquired a new position in United Parcel Service during the 4th quarter valued at $41,000. Finally, Ausdal Financial Partners Inc. raised its position in shares of United Parcel Service by 113.5% during the fourth quarter. Ausdal Financial Partners Inc. now owns 5,106 shares of the transportation company's stock valued at $644,000 after buying an additional 2,714 shares during the last quarter. 60.26% of the stock is currently owned by institutional investors and hedge funds.

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United Parcel Service Price Performance

Shares of UPS traded down $1.36 during trading hours on Friday, hitting $109.66. 3,282,367 shares of the company were exchanged, compared to its average volume of 4,661,575. The company has a quick ratio of 1.14, a current ratio of 1.17 and a debt-to-equity ratio of 1.16. United Parcel Service, Inc. has a fifty-two week low of $109.40 and a fifty-two week high of $154.29. The company has a market cap of $93.66 billion, a price-to-earnings ratio of 16.22, a P/E/G ratio of 1.55 and a beta of 0.94. The firm's fifty day moving average is $118.52 and its 200 day moving average is $126.42.

United Parcel Service (NYSE:UPS - Get Free Report) last issued its earnings results on Thursday, January 30th. The transportation company reported $2.75 EPS for the quarter, beating the consensus estimate of $2.52 by $0.23. United Parcel Service had a net margin of 6.35% and a return on equity of 39.13%. During the same period in the previous year, the firm posted $2.47 earnings per share. On average, equities analysts anticipate that United Parcel Service, Inc. will post 7.95 earnings per share for the current fiscal year.

United Parcel Service Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 6th. Investors of record on Tuesday, February 18th were issued a dividend of $1.64 per share. The ex-dividend date of this dividend was Tuesday, February 18th. This is a positive change from United Parcel Service's previous quarterly dividend of $1.63. This represents a $6.56 annualized dividend and a dividend yield of 5.98%. United Parcel Service's payout ratio is 97.04%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on UPS shares. Bank of America dropped their price objective on shares of United Parcel Service from $133.00 to $129.00 and set a "buy" rating for the company in a research note on Tuesday, March 25th. The Goldman Sachs Group dropped their price target on shares of United Parcel Service from $166.00 to $147.00 and set a "buy" rating for the company in a research report on Friday, January 31st. Deutsche Bank Aktiengesellschaft initiated coverage on shares of United Parcel Service in a research note on Friday, March 7th. They set a "hold" rating and a $119.00 price objective on the stock. Wolfe Research raised shares of United Parcel Service from a "peer perform" rating to an "outperform" rating and set a $147.00 target price for the company in a research note on Wednesday, January 8th. Finally, Truist Financial began coverage on shares of United Parcel Service in a research report on Thursday, March 13th. They issued a "buy" rating and a $140.00 price objective for the company. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $137.57.

United Parcel Service Profile

United Parcel Service, Inc, a package delivery company, provides transportation and delivery, distribution, contract logistics, ocean freight, airfreight, customs brokerage, and insurance services. It operates through two segments, U.S. Domestic Package and International Package. The U.S. Domestic Package segment offers time-definite delivery of express letters, documents, small packages, and palletized freight through air and ground services in the United States.